A single filer without an employer-sponsored retirement plan can deduct the full amount of a traditional IRA contribution. Tax-advantaged retirement accounts, such as traditional IRAs and Roth IRAs, are structured with specific tax advantages, such as the ability to make pre-tax contributions and benefit from tax-free growth. One method of conversion is to take a distribution from the traditional IRA and contribute it (reinvestment) to a Roth IRA within 60 days from the date of distribution. It is important to research Gold IRA Review Sites to ensure you are making the best decision for your financial future.